Banking Awareness April 2016 Friends, Following questions are based on important Banking, Economy and Finance sector news for the month of April...

Banking Awareness April 2016

Friends,

Following questions are based on important Banking, Economy and Finance sector news for the month of April 2016:

(Q.1) As per World Bank’s annual report “Migration and Development Brief”, which country has been world’s largest remittance recipient in 2015?

China

India

Brazil

South Africa

View Answer

Answer: (b)

(Q.2) Which among the following has become the first bank to start Aadhaar-based ATM usage facility wherein a customer can transact using his biometric details instead of the PIN?

DCB Bank

Federal Bank

Kotak Mahindra Bank

ICICI Bank

View Answer

Answer: (a)

(Q.3) Bombay Stock Exchange (BSE) has launched India’s first index that will determine the country’s unemployment rate. As per this index, overall unemployment rate in India stood at _____%

5.97%

6.97%

7.97%

8.97%

View Answer

Answer: (c)

(Q.4) Which among the following company has been recognized among the best employer brands in a recent study released by Aon Hewitt to honour India’s best employer brands of 2016.

Sundaram Asset Management Company

Motilal Oswal Asset Management Company

UTI Asset Management Company

Reliance Asset Management Company

View Answer

Answer: (d)

(Q.5) India has signed an agreement with the Islamic Development Bank (IDB) for a possible $100 million line of credit to facilitate exports to IDB’s member countries. Headquarters of IDB is located at:

Jeddah, Saudi Arabia

Dubai, UAE

Muscat, Oman

Doha, Qatar

View Answer

Answer: (a)

(Q.6) Which mobile phone manufacturer, in partnership with Visa and TranServ, has launched a digital wallet app called ‘Udio’?

Lava

Micromax

Karbonn

Intex

View Answer

Answer: (b)

(Q.7) Which among the following has become first private sector bank to open a specialised branch for startups, offering a bouquet of banking products to service the end-to-end needs of the emerging entrepreneurial ecosystem?

Yes Bank

Axis Bank

RBL Bank

HDFC Bank

View Answer

Answer: (c)

(Q.8) Income Tax department has notified a new set of Income Tax Return (ITR) forms for assessment year 2016-17, wherein People with an income of more than Rs _____ per annum, will have to declare all their assets and liabilities

35 lakh

40 lakh

45 lakh

50 lakh

View Answer

Answer: (d)

(Q.9) The Home Ministry has proposed that ATMs should not be refilled with cash after ___ pm in cities amid incidents of attacks on cash carrying vans

8.00 pm

8.30 pm

9.00 pm

9.30 pm

View Answer

Answer: (a)

(Q.10) Which country is planning to establish a $2 trillion sovereign wealth fund (largest in the world) by selling off its state petroleum assets in preparation for a world beyond oil?

United Arab Emirates (UAE)

Saudi Arabia

Oman

Bahrain

View Answer

Answer: (b)

(Q.11) Talwandi Sabo Power Limited (TSPL), a subsidiary of _______ has officially set the Guinness World Record for simultaneously planting 208,751 saplings at a single location in less than an hour

Tata Power

JSW Energy

Vedanta Ltd.

Adani Power

View Answer

Answer: (c)

(Q.12) Which among the following is India’s first mobile-based app that gives salaried individual immediate cash whenever he/she needs it, for 15 and 30-day periods?

‘CASHnGO’

‘INSTACASH’

‘TAPCASH’

‘CASHe’

View Answer

Answer: (d)

(Q.13) As per a report by Reserve Bank of India (RBI), around _____ per cent of the operating 849 state-level public enterprises (SLPEs) in the country are estimated to be incurring losses

30 per cent

35 per cent

40 per cent

45 per cent

View Answer

Answer: (a)

(Q.14) Which telecom operator is testing an alternative Wi-Fi-based network to connect about 1 lakh village panchayats in a year with high-speed Internet?

Reliance Communications

BSNL

Idea Cellular

Bharti Airtel

View Answer

Answer: (b)

(Q.15) In April 2016, which temple deposited 1,311 kg of pure gold bars of 0.995 fineness with Punjab National Bank under the Gold Monetisation Scheme.

Golden Temple, Amritsar

Dwarkadhish Temple, Gujarat

Tirupati Balaji Temple

Siddhivinayak Temple, Mumbai

View Answer

Answer: (c)

(Q.16) According to leading human resource consultancy Randstad, which of the following companies has emerged as ‘Most Attractive Employer in India’ for second consecutive year?

Infosys

Mercedes-Benz India

Reliance Industries

Google India

View Answer

Answer: (d)

(Q.17) The Department of Disinvestment has been renamed as ‘DIPAM’. Abbreviation ‘DIPAM’ stand for:

Department of Investment and Public Asset Management

Department of Incubation and Public Asset Management

Department of Investment and Prioritised Asset Management

Department of Incubation and Prioritised Asset Management

View Answer

Answer: (a)

(Q.18) Out of 11 entities which were given in-principle approval by RBI to setup Payments Bank, which entity has become the first to get Payments bank license?

Vodafone m-pesa

Bharti Airtel

Reliance Industries

India Post

View Answer

Answer: (b)

(Q.19) In April 2016, Govt. hiked minimum wages for contract workers to Rs. _______ per month

Rs. 10000

Rs. 11000

Rs. 12000

Rs. 13000

View Answer

Answer: (a)

(Q.20) Which State is the biggest contributor (about 40% of total) to the Indian government’s income tax collections in financial year 2014-15?

Gujarat

Maharashtra

Tamil Nadu

Punjab

View Answer

Answer: (b)

(Q.21) Which hospital chain has launched the first pasteurised human milk bank, “Amaara”, in Delhi and the National Capital Region?

Wockhardt Hospitals

Fortis Healthcare

Sterling Hospitals

Sanjeevan Hospitals

View Answer

Answer: (b)

(Q.22) Tata Trust has signed a pact with which State Govt. to achieve elimination of Malaria from the state by 2030?

Jharkhand

Odisha

Chhattisgarh

Telangana

View Answer

Answer: (b)

(Q.23) Bombay Stock Exchange (BSE) has signed a memorandum of understanding (MoU) with _______________, for listing S&P BSE Sensex-based derivatives contracts on the latter

Shanghai Stock Exchange (SSE) of China

Australian Securities Exchange (ASX) of Australia

Korea Exchange (KRX) of South Korea

Moscow Exchange of Russia

View Answer

Answer: (c)

(Q.24) Which Indian Software services company has launched an artificial intelligence platform ‘Mana’ that will help clients drive automation and innovation?

Tech Mahindra

Tata Consultancy Services (TCS)

Wipro

Infosys

View Answer

Answer: (d)

(Q.25) As per Data from the Department of Industrial Policy and Promotion (DIPP), Foreign direct investment (FDI) touched a new peak in Financial Year 2015-16, clocking $_______ — the highest ever received in a year

$51 Billion

$56 Billion

$61 Billion

$66 Billion

View Answer

Answer: (a)

(Q.26) Which among the following companies has been recognized as one of the UK’s leading employers for women in The Times Top 50 Employers for Women?

Tech Mahindra

Tata Consultancy Services (TCS)

Wipro

Infosys

View Answer

Answer: (b)

(Q.27) According to FDI Intelligence a division of The Financial Times Ltd., which country has replaced China as top destination for foreign direct investment by attracting $63 billion worth FDI projects in 2015?

United States

United Kingdom

India

Germany

View Answer

Answer: (c)

(Q.28) Which among the following has become the first tobacco company in India to implement the rule of Union Health Ministry to display health warnings in 85 percent of the packet area?

ITC

Godphrey Phillip India

Kothari Product

Golden Tobacco

View Answer

Answer: (d)

(Q.29) In April 2016, who among the following took charge as the new Chairman of Karnataka Vikas Grameena Bank (KVGB), a Dharwad-headquartered regional rural bank?

S Ravindran

S Ramachandran

S Gowda

S Hegde

View Answer

Answer: (a)

(Q.30) ____________ has tied up with Chillar Payment Solutions to promote the latter’s “Campus Wallet”